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MetalsHigh impactPre-market

Tata Steel stock rises on new green furnace launch

pre-market1 source ↓written by the desknot a recommendation

Electric Arc Furnace
₹3,200 cr
per annum
0.75 million tonnes
rise
1.10%

Tata Steel's stock surged following the commissioning of its new ₹3,200 cr Electric Arc Furnace in Ludhiana, aimed at achieving Net Zero emissions by 2045. The facility, with a capacity of 0.75 million tonnes per annum, contributes to a broader 1.10% rise in the Nifty Metal Index. This strategic move reflects growing market enthusiasm for sustainability in the metals sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 21 Mar 2026, 07:25 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TATASTEEL closed −4.9% on the day of the news, from ₹196.77 to ₹187.17; Nifty −2.6% over the same session; futures OI +2.1%.

Bulletin at 07:25 IST on 21 Mar 2026. Every change is measured from ₹196.77, the last close before it, on 20 Mar. Nifty 50 is measured over the same sessions.

  • TATASTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TATASTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it175.20196.77218.34axis spans 25%before the news · 20 Mar196.77Nifty 50TATASTEELbulletinD0+1+3+516 Mar27 Mar9 AprFutures open interest, lotspeak 40,000Reference close ₹196.77. 16 sessions from 16 Mar to 9 Apr; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Mar₹196.77basebase
On the day23 Mar₹187.17▼ −4.9%▼ −2.6%−2.3 pp difference
+1 session24 Mar₹190.79▼ −3.0%▼ −0.9%−2.2 pp difference
+3 sessions27 Mar₹193.22▼ −1.8%▼ −1.3%−0.5 pp difference
+5 sessions1 Apr₹194.60▼ −1.1%▼ −1.9%+0.8 pp difference
Gap at the open, % · ₹
▼ −1.9%−3.78 on 23 Mar
Day's range, % · ₹
3.8%≈ 7.4 high to low
Volume on the day
1.26×the 20-session average
Futures OI on the day
▲ +2.1%+760 lots · short build-up · price −4.9%
Futures OI open, lots
37,00023 Mar · 30 Mar expiry
Futures premium, ₹
+0.010.0% to spot
Puts per call, by OI
0.60from 0.66 the session before
Max pain
197from 199 the session before

Source NSE UDiFF bhavcopy · TATASTEEL on the desk →

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